Manhattan’s struggling retail industry seems to be taking notice. Famous cloisters that are fully or mostly leased, like Broadway in Soho, seem to have a lot of yawning vacancies, like Broadway in Tribeca.
But things are rosy for Brooklyn retailers. Much of the district appears to be in very good health, though hurt by the pandemic-induced shutdowns and the rise of his online shopping that preceded it. Bensonhurst’s He Strolls 86th Street, John Travolta’s His 86th Street and you may not know there was a crisis. “Saturday Night Fever” springboardThere are few dark storefronts.
Now, a new report from New York’s Real Estate Commission documents the resilience of retailers in trendy neighborhoods such as Williamsburg, Cobble Hill and Greenpoint. Data compiled from April to October show that strong demand is “driven by store space depletion in prime aisles such as Bedford Avenue South and Court Street in Williamsburg and Cobble Hill and Franklin Street in Greenpoint.” I understand that I contributed.
The lack of available stores has led retailers to look for new locations in the “emerging corridor” such as Myrtle Avenue in Fort Greene and Clinton Hill, Montague Street in Brooklyn Heights, and Flushing Avenue in Bushwick. rice field.
REBNY also reports that the surge in tourism has prompted retailers and franchises across the country to open stores or explore options in downtown Brooklyn and Park Slope. Among them are Burlington, Trader Joe’s and Lifetime Fitness.
It has also helped attract brands from Manhattan, such as Japanese outdoor lifestyle brand Snow Peak, which moved from SoHo to Williamsburg.
Astoria project approval
In the end, the city council voted in favor of Approve innovation QNS plan, is a five-block complex in Astoria. We reported last week that despite the approval of its own zoning subcommittee, the full council may abolish it.
But I agree with council member Julie Wong, who came forward with the proposal after saying that previous approval was “only provisional.” Wong was fighting to include more affordable housing units in the project than the developer initially offered.
It seems like a happy ending.